Live Gold Chart

Live Gold Chart

Where Can I Get Live Spread Betting Prices and Charts for Gold?

The quick chart above gives a handy look at how the market is performing.

But, for investors that are trading gold, the providers mentioned above offer real-time prices as well as charts with more advanced options.

Typical gold chart

About Gold

When it comes to spread betting, gold is the most traded metal and one of the most traded commodities.

Historically, gold has been seen as a lower risk investment because the precious metal is thought to hold its value, even during uncertain economic times. In fact, gold was used for many years as the main base currency when trading other commodities for precisely this reason.

Many traders prefer to take money out of what are typically thought to be riskier markets, such as forex pairs or equities, and re-invest in gold when markets are more volatile.

Even in times of relative stability, gold trading continues to play a significant role in many portfolios and this may often take the form of a spread bet.

Spread betting can be a useful tool for an investor who is considering trading on gold. It allows tax free*, leveraged trades. You can also take a long or a short position, ie speculate on the price of gold to go up or down. However, whilst the leverage can allow for larger profits, it can also lead to losses in excess of your initial stake size. Gold spread betting should only be attempted after proper research and, where necessary, an investor should seek professional advice.

Despite the historical viewpoint there are still differing opinions on gold:

Gold is considered to be a long-term hedge against inflation. That has been empirically justified by research conducted by the World Gold Council in June 2006.

Simon Denham of Financial Spreads is not a fan, “In the end Gold is just a pretty, useless, yellow lump of metal. Too valuable to actually use for anything and costly to own. In times of trouble it has safe haven value but in good (or even just slightly bad) times, it is of little worth as a long term investment”.

Whatever your point of view, gold can be an interesting market to trade and it sees some impressive price movements:

In 2007 it started trading around $605 before ending the year at $898 per ounce.

In March 2008, the precious metal traded as high as $1028. Later in the year Gold was seen down at $681.

In February 2009, Gold again broke through the $1,000 mark to trade as high as $1,006 per ounce. The metal then dropped to $864 in April 2009.

In 2009, on a given day, the price of gold can easily swing by $10-20.

In February 2010 the gold spread betting market fell to a low of $1,043. Nevertheless by October 2010 gold prices were at new record highs and in excess of $1,300.

In August 2011 gold hit $1,921 level. Since then the market has been highly volatile. In September 2011, the market swung between highs of $1,862 and lows of $1,532.

Since 2011, gold has been on a slippery slope. In 2012, the metal traded as high as $1,802.7 but was also seen as low as $1,526.5.

2013 was another poor year for the metal, it opened at $1,681.5 but closed the year at $1,204.3.

There’s been a little more stability in 2014, with $1,240 acting as support.

Nevertheless, despite a lot of geopolitical turmoil, there’s been little short-term risk of inflation and so the metal has been unable to break above $1,388.

2017 – as of September – we are now back to trading down at the levels of 2014 and around $1,300-$1,350.

Gold Spread Betting Example

If you’re interested in financial spread betting on a commodity like gold then, looking at a platform like IG (IG Index), at the moment you would find a price of $1,292.6 – $1,293.0.

Therefore, you could speculate on gold to move above $1,293.0 or move below $1,292.6.

When placing a spread bet, you speculate on every unit the market moves up or down. In this case, with the gold market a unit is $0.1 of the precious metal’s price movement.

As an example, let’s say you want to stake £2 for every $0.1 gold rises or falls.

Spread Betting on the Market to Go Up

If you went long of gold at $1,293.0 and the precious metal increased then the price could move to $1,300.8 – $1,301.2. Assuming this was the case, you might decide to close your position at $1,300.8.

Be aware that this is a rolling daily spread bet. This type of market does not have a fixed closing date and instead rolls over to the next session automatically. If it does roll, then you may receive a small credit or incur a small financing cost. For more information, please see rolling daily spread trading.

Spread betting carries a high level of risk. You can lose more than your initial investment or stake. Spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.

SpreadBets.org.uk does not endorse the information and analysis available on this site. It is a personal view of the writer and purely for information purposes. Under no circumstances is the information hereon to be used or considered as, an offer to sell, or a solicitation of any offer to buy. The website content does not constitute investment advice and neither the individual writer(s) nor SpreadBets.org.uk accepts any responsibility for any use of the content.

* Spread betting is tax free in the UK. This tax free status is subject to change and can differ if you pay tax outside the UK.